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O Solo Mio Co. uses process costing and has the following information: Materials Conversion Units completed 10,000 10,000 Units in ending WIP: DM: 6,000 x
O Solo Mio Co. uses process costing and has the following information:
Materials Conversion
Units completed 10,000 10,000
Units in ending WIP:
DM: 6,000 x 40% complete 2,400eu --------
CC: 6,000 x 30% complete -------- 1,800eu
Total EU of output 12,400eu 11,800eu
Unit costs were $2.20 per unit for materials and $1.50 per unit for conversion.
What is the cost allocated to ending inventory? ANSWER: ______________________
Determine the cost allocated to goods completed and transferred out. ANSWER: ______________________
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